Other news

According to the UK’s Office for National Statistics, annual inflation eased slightly in May but remained above the Bank of England’s 2% target.

The Ontario Securities Commission (OSC) has approved the launch of Canada's first XRP spot exchange-traded fund (ETF) by Purpose Investments. The fund will start trading on the Toronto Stock Exchange on June 18, 2025.

The Confederation of British Industry (CBI) has slashed its UK growth forecasts for the next two years. The business group now expects the economy to expand by just 1.2% in 2025, down from its earlier 1.6% projection.

Brazil’s stock exchange, B3, has begun trading US dollar-settled Ethereum (ETH) and Solana (SOL) futures contracts, using Nasdaq index prices as a reference. This innovation allows investors to profit from cryptocurrencies price fluctuations without directly owning the assets.

This week, the US Senate passed the Stablecoin Bill, which introduces new oversight measures for dollar-pegged cryptocurrencies. According to Bloomberg, the incentive’s approval stands as a testament to President Donald Trump's most substantial policy triumph.

As Bloomberg reports, the Canadian central bank is facing an obstacle in its efforts to lower interest rates in the form of persistent core inflation. However, financial regulatory officials note that borrowing costs could still be reduced if the domestic economy weakens further.

Japan's exports declined for the first time in eight months. The trump administration’s tariffs have negatively impacted global trade, raising risks of a technical recession in the Asian nation following an economic contraction earlier this year, Bloomberg reports.

A decrease of the indicator value may contribute to the fall in quotes of GBP.

A decrease of the indicator value may contribute to the fall in quotes of JPY.

The Bank of Japan plans to slow its purchases of government bonds to 200 billion yen ($13.82 billion) per quarter starting in April 2026. Experts believe that this decision will help prevent a sharp rise in long-term debt yields, which could put additional pressure on the country's economy.